Banker faces jail term over e-mail
A federal jury in Manhattan returned guilty verdicts on charges of obstructing a grand jury, obstructing federal regulators and witness tampering.
Quattrone’s e-mail, sent on December 5, 2000, urged colleagues at Credit Suisse First Boston to destroy documents. At the time, a grand jury and US federal regulators were investigating the bank’s stock allocation practices.
The probe never resulted in criminal charges, and the bank later paid a $100 million (€82.8 million) civil settlement.
Quattrone was told two days before he sent the e-mail that a grand jury was investigating the bank. But he claims the note was a simple endorsement of company policy.
The banker will be sentenced on September 8 and faces a jail sentence.
His trial on the same charges last year was declared a mistrial when the jury became deadlocked.
